What companies are biggest producers of heavy equipment (worldwide)? All companies with their revenues and production is listed in the video from mysel... Enjoy!

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#heavyequipment #manufacturers

Who is the largest heavy equipment manufacturer?
World's largest construction machinery manufacturers by sales 2020. Caterpillar was the world's largest construction machinery manufacturers, based on construction equipment sales: Caterpillar sold equipment to the value of around 32.9 billion U.S. dollars.

Top 10 Heavy Equipment Manufacturers Worldwide:
▶Caterpillar
▶Komatsu
▶Hitachi Construction Machinery
▶Volvo Construction Equipment
▶Liebherr
▶XCMG
▶Doosan Infracore
▶Sany
▶John Deer

Globally, the market shares of the bigger heavy equipment companies remained virtually unchanged. Caterpillar, Komatsu, Hitachi, Liebherr and Volvo continue to dominate the top five positions in terms of manufacturing share.

Interestingly, China's market share has increased noticeably, with Chinese companies holding position six (XCMG) and position eight (Sany) in the top ten rankings. As China's heavy equipment manufacturers continue to innovate and grow, it could well be the case that their dominance deepens as time goes on.

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